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in the mounting political crisis. over president mohammed morsi's power grab. i'm kelly wright. welcome to a brand new hour inside america's news headquarters. >> great to have you here. i'm jamie colby, these are members of the military there, reinforcing a wall outside the presidential palace. just 24 hours after tens of thousands of protesters actually broke through a barricade leading to the building and forced president morsi to press ahead with so-called dialog talks as he tried to keep the country from plunging deeper into turmoil. >> connor powell is following this live from our jerusalem bureau, what's happening over here? >> well, last night the violence continued in cairo, it was relatively peaceful today, but the crisis continues on, and today, the egyptian military used the calm in cairo to put up barriers around the presidential palace. they built concrete walls, placing tanks and bash wire around that palace and the egyptian media. in the statement warned of disastrous consequences and urging dialog to avoid a quote, dark tunnel in egypt and mohammed morsi called for talks today wit
haven't seen any political progress here. >> right. and mohamed, let me ask you this. let's talk act the first piece of damage we may see, which we saw during the debt ceiling debate, the idea that the u.s. gets its credit rating hurt again. there's been some talk about it from fitch. the net result of lowering the u.s.' credit rating the last time around and-in the debt debacle, it's kind of sad because the first experience most people have with that is it wasn't as bad as we were warned it was going to be. is there a real danger to the u.s.' debt rating and what could that mean? >> at some point, there was a danger. the reason why we haven't felt it is because we've been doing better than rest of the world. this concept that my colleague, bill gross says, wear the cle cleanest dirty shirt. so we're not clean but we're cleaner than europe is right now. >> right. >> so we haven't felt it. my main worry is the following, that if the republicans and democrats can't get together to solve the fiscal cliff you will need an external force, a major market sell-off, you will need a major eco
or at least for the start of the year? we have pimco's mohamed el-erian later on in the program. stick around. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the
tomorrow. it will take some time for that would support for president mohammed morsi we be judgment for what constitution should look like. will he prevail? will he come at the end of the process, process the powers that he claimed for himself two years ago, of which he has since relinquished? >> unfortunately, my answer is going to be yes. one saying that we need to reject the referendum, the other part is saying no, we want to boycott. so now they are divided. the result is going to be the muslim rotherhood and president morsi is most likely going to win the referendum. on the other hand, the opposition is very strong in egypt. there is no return to the previous situation. what i suggest in the future is that mohammed morsi ll win the referendum, try tooit establish an islamic state, he will see strong opposition for months and months. lou: moving quickly to syria as we wrap up. russia today -- from the deputy foreign minister, basically saying that they have acknowledged that bashar al-assad has been losing power and that his departure is a foregone conclusion. suddenly they are
palace in cairo is the scene of violent clashes between supporters of president mohamed morsi and his opponent. morsi has been in office since june. only four months. but he has angered opposition forces by granting himself sweeping new powers. mr. morsi is aligned with islamists like the muslim brotherhood. he has proposed a new constitution. one with little input from one side. the secular forces that swept morsi's predecessor hose ny bu barack from power nearly two years ago. morsi says a referendum will be held december 15 on the egyptian constitution. it will be up to the egyptian sipses to vote yet or no. -- citizens to vote yes or no. but morsi opponents dismissed the move as a ploy, including his opponent, mohamed el- baradei. one of morsi's highest profile opponents and former head of the u.n.'s nuclear regulatory agency. >> we will continue to push until we get a proper develop a institution. >> what is the key question? >> i think the key question is, is morsi's presidency in nature. and you have strong forces against him. everyone is united against him. >> behind him is th
protests. at the time, critics accused mohamed morsi of a power grab and adviser to morsi says the government will push forward to a referendum on the new constitution, despite concerns from the opposition. going to go live to cairo in a few minutes here. >>> a well known islamic militant, the leader of a terror network, is locked up in egypt and there is an american connection. the fbi is working to figure out what role, if any, the man played in the attack on the consulate in libya that killed four americans including the u.s. ambassador. a full report, everything we know about this man, coming up, coming right up here on cnn. >>> congress faces a so-called fiscal cliff and only 24 days. and it is what house speaker john boehner did not say that is drawing attention tonight. when questioned by reporters yesterday, boehner would not comment on whether there is room for compromise on the president's demand for higher tax rates, on high income americans. boehner and the president spoke by phone this week, but in public comments, appear to have no -- made no progress. >>> same se
reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart, it's been choppy, but it looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. and we've been saying the 2013 could be the year of a real economic renaissance in the united states or at least the beginning of one. talk to me about the consequences to our prosperity if washington doesn't reach a deal. >> the consequences are not good. so what the numbers are telling you is that the private sector is healing. and if the private sector were left to its own devices, it would heal faster. unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves can't unite. which means that the cooperative solu
's mohammed j j jamjoon. >> reporter: it's horrific details that have emerged the past few hours since we first reported this bombing. activists tell us that around 3:00 to 4:00 p.m. local in syria today that this warplane dropped this shell on this bakery. they say that hundreds of people were lined up outside, that there had been shortages of food throughout the last week. this was the first day that that bakery that had been hit was open and that because of that, at least 100 people they say were killed. the video that we've seen posted online, we can't independently verify it, but it seems to be corroborated by what we've been told by activists. it shows an absolutely grisly scene, mangled bodies in the wreckage of the building and the rubble. you see rebel free syrian army soldiers and civilians trying to tend to the wounded, taking them to the hospital and pulling dead bodies out. men screaming into the camera angry at the regime who they blame for this and asking the world, where are you, why aren't you helping the syrian people. don? >> any explanation, mohammed, from the syrian g
authorities detained mohammed jamal ahmed, suspected of being the leader of a terrorist cell that planned those attacks in egypt and is reportedly linked with the storming of the u.s. consulate in benghazi on september 11th. meanwhile, secretary of state hillary clinton is expected to testify on the libya attack after an independent review board finishes its report. >> so we have every expectation that she will testify, that she will do so in an open setting, and that perhaps the leaders of the report, the lead investigators, may be testifying before us in a closed setting. >> senator john kerry, the chirm of the senate foreign relations committee, says secretary clinton will also appear before that panel. >>> and closer to home now, president obama has asked congress for $60 billion. that's in aide to help with superstorm sandy's cleanup in all states. the request comes in the midst of a tough fiscal cliff fight and house speaker john boehner says they will review the request by the president. new york and new jersey originally asked for a combined $79 billion in aide. the states' govern
indefinitely. that because of the protest by supporters of islamist president mohammed morsi. the court was set to rule on the legitimacy of the islamist dominated panel that drafted the new constitution. but it now says it cannot operate in what it calls a "climate filled with hatred." steve harrigan live in cairo at the moment with the latest developments. not very encouraging, steve. good morning. >> reporter: certainly not. in a blow to the egypt constitutional court. judges were going to meet today but the building they were going to meet in was surrounded by protesters in favor of the egypt president mohammed morsi. the judges were too concerned about trying to enter the building. they failed to do so. they said they would not meet anymore under the atmosphere of fear and intimidation. to an example of mob rule here. justices building surrounded and the justices failing to meet today. as far as the constitution, pushed through in one night, earlier in the week, it's now set to go to a referendum. nationwide vote on this. december 15. president morsi said those extreme powers which he adop
you. in egypt, president mohamed morsi has become a lightning rod for protests since he claimed near absolute power for himself. well, there were more violent demonstrations today over a proposed new constitution for egypt and holly williams is there. >> reporter: rival protesters clashed head on today outside cairo's presidential palace. president morsi's opponents say the knew constitution fails to protect basic rights, especially those of women. his supporters, many of them conservative muslims, say that's untrue and both sides blamed each other for the violent confrontation. two years ago during the egyptian revolution these groups worked together to topple country's long-time dictator. now they're back on the streets fighting each other. at a meeting called by the opposition today this man accused one of their leaders of being a holdover of the old regime and was quickly shouted down. we stopped mohammed elbaradei as he tried to leave. e.st one question for cbs news! >> reporter: he's a former presidential candidate and told us he doesn't trust the government's offer to negotiat
referendum tomorrow. it will take some time for that would support for president mohammed morsi we be judgment for what constitution should look like. will he prevail? will he come at the end of the process, process the powers that he claimed for himself two years ago, of which he has since relinquished? >> unfortunately, my answer is going to be yes. one is saying that we need to reject the referendum, the other part is saying no, we want to boycott. so now they are divided. the result is going to be the muslim brotherhood and president morsi is most likely going to win the referendum. on the other hand, the opposition is very strong in egypt. there is no return to the previous situation. what i suggest in the future is that mohammed morsi will win the referendum, try tooit establish an islamic state, he will see strong opposition for months and months. lou: moving quickly to syria as we wrap up. russia today -- from the deputy foreign minister, basically saying that they have acknowledged that bashar al-assad has been losing power and that his departure is a foregone conclusion.
in support of mohamed mor morsi. today's rallies meant to counterprotest protests in the past week. morsi has been facing wide-spread unrest over that decree that expands his presidential powers. nbc jim maceda is in cairo for us on this saturday. jim, these morsi reforms were to be a test of his strength of the muslim brotherhood strength. how did they do? >> well, you're right. this was a crucial day for president morsi and his muslim brotherhood supporters. they needed a massive turnout today at that rally kind of to stem the momentum of the opposition, which, as we have reported, has seen hundreds of thousands of secular, moderate egyptians, leftists, christians all turning out in that iconic tahrir square on at least two occasions this past week alone. and which tonight, by the way, is continuing its ten-city occupation of the square. but today really did belong to morsi supporters. their show of support was very big in the tens of thousands, perhaps 100,000 or more outside cairo university and had the feeling of a political rally. waving flags, carrying banners and chanting slogans and
questions remaining here. thank you both. >> ifill: protests surrounding egyptian president mohammed morsi's recent power grab and a hastily drafted constitution turned violent again today. jeffrey brown reports. >> brown: police outside the presidential palace in cairo retreated this evening after a crowd broke through their lines. officers fired back with tear gas but eventually a loud... allowed protestors to make their way to the palace gates. some threw stones toward the billing. security officials said president mohammed morsi left the palace as the demonstrations grew larger, reportedly to more than 100,000. it has become commonplace in the last few weeks. they follow morsi's recent decree that expands his powers and hastily drafted constitution put together by an islamist dominated committee. >> we won't be able to speak. there won't be a court that we can go talk to. he has made himself a force and he said it is a rather force. this is something we cannot believe. we've been 0 years being betrayed. we won't believe morsi. he will remain seated in the chair and not leave it. >> bro
! zeerchlgt as one hand giveth, another taketh away. egyptian president mohammed morsi backed off a decree giving him authority. he order aid new order giving military power to arrest sls while a new constitution is finalized and voted on this saturday. former president hosni mubarak issued a similar decree before he lost power declaring emergency law in egypt. meanwhile, the national salvation front, the secular liberal opposition, is considering a boycott of the charter vote and is calling for protests in advancing the vote this weekend. joining us now from cairo is nbc news foreign correspondent amman. thank you for joining us. my first question is just about the motivations, morsi's motive augustss here. initially when this sort of power grab, if you will -- we'll call it that -- began, there was some sense and some analysis that this was an effort to -- an effort at efficiency, to get things down and that the democratic process would be restored. that seems increasingly less the case. this seems like a consolidation of power. what is your read on the situation? >> well, i think it's v
constitution for that country. one that gave president mohammed morsi new powers. steve harrigan is standing by live in cairo with more. >> remarkable scene in cairo this morning outside egypt supreme constitutional court. to put it simply, the court justices could not get in their own building. the judges will suspend their work while the atmosphere of intimidation physical a mental intimidation exist. the supreme court say they cannot do the work because of the mob around their building. it was likely they would rule on the legitimacy of egypt constitutional assembly. that body pushed through the constitution, the draft on friday. they go for a national referendum, up or down vote on december 15. if the constitution goes through, egypt president morsi says the extreme powers which he declared that he possessed would be void and it would go to normal here in egypt. richard morrison himself has strong public support. we have 200,000 people. mainly members of the muslim brotherhood who support the president come out on the street to show support. loud and emotional way. >> shannon: steve harr
. >> and protest in tahrir square as anger continues to grow against egyptian president mohammed morsi. we'll have a live report. >> new information on what may have caused a freight train carrying dangerous chemicals to derail in new jersey. >> heather: the clock is winding down to a potential economic disaster. there has been a lot of talk apparently nothing to show for it. democrats and republicans blaming each other nor the standoff with your tax bill riding on the out come. unless an agreement is reached by the end of the month, bush-era tax cuts will expire triggering a rise in taxes by an average of 5%. that means a middle-class family will pay $2,000 more in taxes and married couples would be hurt because of marriage penalty. it doesn't include the budget consequences. $55 billion would be cut from the pentagon and another $55 billion slashed from domestic programs. an estimated 2 million jobs could be lost pushing the economy back into a recession adding to the misery to those facing tough times by ending jobless benefits for the long term unemployed. steve is live in washington. where do
valuable to forces loyal to bashar alsad. >> in egypt president mohamed morsi has canceled the decree that sparked huge protests by giving him sweeping powers. but protesters in care row's tahrir square aren't impressed. they say a referendum on the new constitution would go ahead as planned. opponents trashed his office in response. >>> hugo chavez announced tonight that his cancer has returned and he will undergo another surgery in cuba. he said for the first time that if his health deteriorates his successor will be nicholas morada. >>> the back-and-forth between the white house and republicans and congress is showing no signs of letting up. there's a little more than three weeks left until the u.s. goes over the fiscal cliff. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts in programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to make more entitlement spending cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one day after ho
news alert, growing outrage in egypt. mohammed morsi withdrawing part of the decree that expanded his powers but going ahead with a referendum on a new constitution. following two weeks of unrest with demonstrators storming the presidential palace and calling for the fall of his regime. welcome to a new hour of america's news headquarters. >> good morning. >> the political crisis as jamie said is worsening in egypt. president morsi's supporters say a referendum is needed to complete a democratic transition. opponents say mr. morrissey is becoming yet another dictator. good morning, embassador. >> good morning. >> they have a new constitution, a referendum next saturday. why is it so dangerous? >> well, the question whether morrissey can force this vote saturday is critical because the draft constitution that the constitution assembly has written is schreier friendly. it puts the doctrine into the constitution, christians and others in the country are very worried about it. they're very worried once the constitution is put into place, they may never get a real chance to change it. so t
. there have been protests on both sides, but their concern is the supports of the islamic president mohammed morsi. the other protesters have taken to the streets to demonstrate against the new president. is the white house doing if you have to respond to the situation? is it even a situation we have to be involved in? stein yates is former deputy assistant for vice president of national security affairs. steven welcome. >> thank you. >> jamie: president morsi presented a new constitution. what does it provide and what concern if any should the u.s. have? >> well, among the key concer concerns is the notion that he is not subject to judicial review. in any normal democratic system where there are checks and balances you would have legislative check and judicial check among others on act of an overact as executive. what we see with mohammed morsi, leader of the muslim brotherhood is after winning a narrow election he is using every tool at his disposal to make generational impact by way of what he says. >> jamie: when i watch the pictures and i see both sides protesting, i wonder to myself so
to compromise. hours ago the head of that country's election commission said the president mohammed morsi has postponed an early voting session on controversial constitution. today protesters once again stormed through the bausched wire barricades bawshed wire barricades around the presidential palace. sit down for talks backlash over controversial power grabs. this all started when president morsi essentially made himself a dictator. keep in mind he helped negotiate the cease-fire between israel and hamas. he is in charge of enforcing that agreement. david lee miller with the news from our middle east newsroom tonight. david lee, any other signs that he might be willing to move on this? >> clearly, shepard, the demonstrations on the street are making a difference. in addition to the delay of the expat egyptian vote on that referendum. aides to mohammed morsi are now saying it's very possible the entire thing might be cancelled. in fact the legal affairs minister in egypt said tonight that just about everything is on the table. there is the possibility that the constituent assembly might have
. this as protesters clash with supporters of mohammed morsi outside the presidential palace in cairo egypt. in that country's largest confrontation since the uprising of hosni mubarak. we're back with daniel henninger and editorial board member matt comiskey. so, bret. we were told if we did intervene in syria we could see chemical weapons used, civil war and radicalization and perhaps a regional conflict. >> now, we have all of those things. do you have imagine what might have happened if the obama administration had intervened early by imposing a no-fly zone at very little cost and risk to the united states over syria, if assad had been gone 12 months ago fwe were now in the midst of a transitional process with an opposition that hadn't been radicallized by the influx from jordan, iraq, from elsewhere. instead, we're having not only the syrian meltdown with serious consequences, but hundreds of thousands of refugees in turkey, destabilization of jordan and increasing inability in lebanon and this is spilling out all over the region, paul. >> paul: what about the president's red lines on-
, napa valley and mohammed valley things look -- gnome valley things look nice. -- mohammed valley. it may rain, it may not. boy did that sound like a weatherman. stupid tomorrow we will have -- stay tuned tomorrow. we will have more details. >> thank you, brian. the changing of prop 13 may be the first for the super majority fight in sacramento. >> yes. we have more on the people initiative to win the property taxation. that prop 13. we asked him about the pieces. >> there are a lot of piece to it. prop 13 says to pass a special tax for schools, for example -- . >> or libraries. >> or libraries or parks, 2/3 is the threshold that voters must support it for so it can be enacted. we are suggesting 35 years ago lowered to 55%. this past november partial taxes for schools. >> so, you want to drop it down. but again, when it comes to homeowners and the idea of prop 13, even that has changed a bit. older homeowners now benefit from it and the younger homeowners are saying i am paying this and you are paying not. do you feel the mood has changed on the overall idea of prop 13. >>
syria, where more than 100 people were killed today as they waited in line for bred. mohammed jamjoon is in bay routes. >> reporter: a scene filled with carnage. a massacre, screams the man. they targeted the bakery. a bakery where hungry civilians have been standing in line to get bread. one eyewitness described the grizzly aftermath. >> from 200 meters away, i could see corpses as i walked toward the bakery. bodies piled on top of each other, it was an impossible scene. there was no word to describe it. >> he was one of the first on the scene filmed this video. the wounded are carried away as rebels and civilians dig up mangled corporations from the rubble. shock and grief quickly turned to anger. where are you world asks this man pointing to the destruction. come see the bodies. they were waiting for bread. activists tell cnn this town is full of anti-regime sentiment. >> he was liberated a week ago. the regime surrounded it completely, cutting us off from the world no one was allowed in or out. even water and bread were cut off. we're able to reach an aid organization and able to
based on mohammed al qahtani, who was harshly interrogated, although not waterboarded. at gitmo, qahtani was one individual who identified bin laden's courier, a key break in the hunt for bin laden. when we eventually learned the courier's real name and found him, he found bin laden. in real life, one month before september 11th, qahtani was denied admission to the united states when an astute i.n.s. agent named jose melendez perez wouldn't allow him to enter the airport. so qahtani returned to the middle east and was later apprehended fighting with bin laden at tora bora. the 9/11 commission later determined he was to have been the 20th hijacker. part of the evidence? 9/11 ringleader mohamed atta awaited him at the orlando airport. so for me, "zero dark thirty" is a reminder of the power of one person. one week ago today, we saw the power of one individual to do horrific things. well, this was the opposite. if jose melendez perez had allowed qahtani into the united states, he would have been aboard flight 93. arguably, his added muscle could have kept the passengers at bay for the 20 mo
president mohammed morsi. >> and hurricane sandy left many people homeless. new reaction from victims furious at relief response and president obama. >> president obama, he said he was going to cut through the red tape. he lied. he says, what do you mean? i said you lied. (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. >>. >> heather: two people have died after a bus crash in florida. the doubling decker was carrying 32 members of a church group when it slammed in an overpass. >> people in wyoming say the man involved in a deadly attacks yesterday used a bow and arrow in one of killings. authorities say this christopher krum first stabbed a woman on friday and then went to the college where his father was teaching and shot him with a bow and arrow. he later stabbed and killed himself. >> more than hundred people are waiting to return to home after a train derail
by some demonstration, protesting the mohammed video, getting out of control. a lot of people in congress have said the mohammed video story was a cover-up. i actually hope for the good of the country that is true because at least it would demonstrate that the president understood reality. he was trying to sweep it aside. i'm worried that the ideology that controls the white house and presumably the state department which we're going to see four more years of, leaves us dangerously unprepared to meet the threats that we see from al qaeda, from other terrorist groups in the middle east and around the world. gregg: what do you think john kerry brings to the table? >> well, he certainly has a lot of experience, although a lot of it has been badly, bad judgment in a range of issues. he has been soft on the iranian nuclear weapons program. he has been soft on the north korean nuclear weapons program. he has been soft on russian desires to recreate russian hogeminy in the former soviet union. he has been soft on china's territorial demand in the south china sea. i could go on. i think he will f
. thanks. >>> in egypt, opponents of president mohammed morsi are expected to take to the streets again. they were out in force last night in cairo chanting it was time for their president to resign. their anger was sparked two weeks ago when morsi granted himself sweeping powers. last night, morsi refused to rescind that decree, despite calls from proponents calling for him to do so. >>> the photographer who took a picture of a man standing on the subway tracks as a train approached insists he was trying to alert the driver of the train. that photo make it on the front page of the "new york post" it is sparking outrage. people are asking why the photographer did not do more to help the victim? he told anderson cooper he was too far away on the platform to do anything else. >> the only way i thought at that moment was to start clicking away, using the shutter to fire the flash and maybe -- >> you thought that might warn the conductor? >> the victim was pushed on to the tracks. he said the only thing he would have urged him to do differently is to out-run the train. >>> seven new counts
is divided over a new draft constitution. supporters of the president mohamed morsi protested near egypt's high court building today and blocked judges from entering. the high court reacted by indefinitely suspending all court sessions. that will postpone a ruling on the legitimacy of the group that wrote the constitution. president morsi has declared his decisions are now immune from judicial oversight. >>> hungarians took to the streets protesting comments made by a member of the country's far right opposition party. last week a member of the parliament suggested it would be timely to tally up people of jewish ancestry bringing back outrage and memories of the nazi party. the comments followed a debate over fighting in the gaza strip and national security. the lawmaker later apologized and said his remarks were misunderstood. >>> three suicide bombers all in cars today attacked a forward operating base in eastern afghanistan. nato says all the bombers were wearing coalition military uniforms. three afghan soldiers reported killed. also two civilians. it happened in a province where nat
. >> and has it down 23%. thank you. >>> egypt's president mohamed morsi fleeing the palace today. all of this as the backlash to the new sweeping power he is granted himself bubbles over. we'll take you live next to egypt for the latest developments on this important story. stay with us. >>> also ahead, netflix stocks sky is rocketing today in the wake of its licensing deal with disney. how big of a deal is this for netflix, and is it a stock to own? stay with us on that. >>> later on, bracing for a catastrophe. allstate estimating hurricane sandy will cost it over $1 billion, but will the impact on the fiscal cliff be even worse? the head of allstate is with me sitting down for a cnbc exclusive coming up in a few minutes. don't miss it. back in a moment. [ male announc] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our
it. >>> again today the crowds are still demanding that president mohammed moed morsi step down. latest from cairo. >>> free market capitalism is the best bet for -- i don't think we should be raising taxes at all. but that's my point of view. i'm kudlow. we'll be right back two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. . >>> tens of thousands of protesters are still surging around egypt's presidential palace. nbc reporter joins us now with the details. good evening, eamon. >> reporter: the media is reporting that the country's commission has ordered a vote scheduled to begin tomorrow in embassies around the world on the country's draft constitution to be postponed
ceo of pimco mr. mohammed el-erian. welcome back. >> thank you, bill. >> and i've given you your first question. i gave it to rick earlier. we've seen this rise in yields even as the fed met to try to bring rates down some more. even as the fiscal cliff negotiations continue on. you'd think there'd be a rush to these safe havens. that's not happening. have we seen the low for the treasury yields for the foreseeable future? >> it depends which bend of the curve you're talking about. if you're talking about the 10 year point, we would agree with rick. looks like a range between 1.6% and 2%. and the language of keeping interest rates at zero. the long end is going to be volatile and more dangerous. it depends where on the curve you. >> so -- i'm sorry? >> it was interesting. this was brought up by one of our portfolio managers this morning. the fed's statement was hawkish last wednesday. we don't agree. what the fed tried to do is provide greater clarity to the markets. >> right. >> but that had been misinterpreted as it being more hawkish. we don't think that is the case. >> so all of th
turned out to bury mohammed hilal, to mourn the loss of a 22-year-old student who gave out polio vaccine in his spare time. but they also came to express public outrage at this week's murders. nine young people, six of them women, one just 17, have been gunned down since monday, and not at random. a series of coordinated assassinations targeting an annual three day polio vaccination campaign. >> ( translated ): we go out door to door and risk our lives to save innocent children from being permanently handicapped. for what? so that our coming generations turn out to be healthy. we work for our country and we are being rewarded in the form of death. what kind of justice is this? why are we targeted and killed? >> reporter: until someone claims responsibility, we won't know why. the taliban haven't come forward, but extreme islamist groups have long opposed western health interventions and the role for women in campaigns. frustration is compounded by the fact they were making such good progress. there were just 56 cases of polio in pakistan this year, the lowest ever. up until the 1950s, po
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